Pratt Street Capital Acquires Office Building On North Dallas Parkway In Dallas
14643 Dallas Parkway, Dallas, Texas 75254, United States
Building Size
210 SF
Asset Type
Office
Closing
Dec 14, 2022
AI
The office property located at 14643 North Dallas Parkway in Dallas has been sold. The transaction took place on 12/14/2022, and the asset consists of a total area of 210,465 square feet. The property was sold by Fidelity Commercial.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Market: Dallas
Pratt Street Capital, represented by David Braunstein, acquired the property. The deal was facilitated by brokers Gary Carr, Chris Murphy, Robert Hill, and Chase Tagen of Newmark.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93